Twilio (NYSE:TWLO) Given New $140.00 Price Target at Wells Fargo & Company

Twilio (NYSE:TWLO) had its price target boosted by Wells Fargo & Company from $120.00 to $140.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

A number of other research firms have also recently commented on TWLO. Piper Sandler upped their price objective on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Mizuho raised their price target on Twilio from $70.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. UBS Group boosted their price objective on Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Morgan Stanley raised their target price on shares of Twilio from $77.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group upped their price target on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Twilio currently has an average rating of “Hold” and a consensus target price of $91.22.

Twilio Price Performance

Shares of TWLO stock opened at $109.07 on Thursday. The firm’s 50 day moving average price is $100.70 and its two-hundred day moving average price is $74.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio has a 52-week low of $52.51 and a 52-week high of $116.43. The stock has a market cap of $16.73 billion, a PE ratio of -42.44, a PEG ratio of 3.26 and a beta of 1.38.

Insider Activity

In other Twilio news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the transaction, the insider now owns 142,291 shares of the company’s stock, valued at $11,383,280. This represents a 3.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 13,653 shares of company stock worth $1,185,990. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

A number of institutional investors and hedge funds have recently bought and sold shares of TWLO. FMR LLC increased its position in shares of Twilio by 0.8% during the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after buying an additional 77,436 shares during the period. Pacer Advisors Inc. grew its holdings in Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after acquiring an additional 444,295 shares during the period. Geode Capital Management LLC raised its position in shares of Twilio by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after acquiring an additional 33,824 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Twilio by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock valued at $128,396,000 after purchasing an additional 224,040 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in shares of Twilio by 30.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after purchasing an additional 311,481 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

About Twilio

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.